Earlier, Prassana, Senthil and Natter had exchanged old currency notes worth Rs 2 crore for 24 lakhs from an unidentified person. A person from Ukkadam approached the accused with a deal to exchange old currency for Rs10 lakh and cheated them giving only Rs 6 lakh. Daskadir and accomplices went on deal with the accused to buy old currency notes worth Rs 1 crore for Rs 12 lakh. When Daskadir was counting the old currency the manager of the apartment, who smelt something fishy, informed the police.

Demonetised currency notes worth Rs 59.99 lakh were seized from the apartment. Police are in search of the main accused and his accomplice.